IGAS Energy (LON:IGAS) Hits New 12-Month Low at $48.92

IGAS Energy PLC (LON:IGAS)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 48.92 ($0.64) and last traded at GBX 50.30 ($0.66), with a volume of 45013 shares trading hands. The stock had previously closed at GBX 51.40 ($0.67).

Separately, Canaccord Genuity restated a “buy” rating and set a GBX 190 ($2.48) target price on shares of IGAS Energy in a research report on Thursday, August 1st.

The company has a 50-day simple moving average of GBX 56.69 and a 200-day simple moving average of GBX 66.49. The firm has a market cap of $61.50 million and a PE ratio of -2.86. The company has a debt-to-equity ratio of 12.98, a current ratio of 1.55 and a quick ratio of 0.93.

In other news, insider Stephen Bowler purchased 2,271 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of GBX 60 ($0.78) per share, for a total transaction of £1,362.60 ($1,780.48).

About IGAS Energy (LON:IGAS)

IGas Energy plc operates as an oil and gas exploration and production company Britain. It holds interests in the 55 licenses at onshore locations in the Weald Basin in the southern England; the Gainsborough Trough in the East Midlands; the Bowland Basin in the North West of England; and the Inner Moray Firth in Scotland.

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